Petroleum

Final Call

The Asian Development Bank rapped Sri Lanka on Monday for dragging its feet on key electricity reforms, even as the Premier held crucial reform talks with …

Power Surge

Fixed electricity prices could double after a Cabinet green light expected on Wednesday, to tide the thermal dependant Electricity Board through surging crude …

Clean Drink

Clean Drink

Sri Lanka signed up for a US$ 14.8 million loan from Korea to supply water to over 160,000 residents living in the southern coastal town of Galle. online …

Hot Potato

Sri Lanka is to ink a US$ 100 million fuel purchase deal with Malaysia next Monday, to ease the strain on the country’s balance of payments, a top official …

Trip Switch

Developers of power plants say the sector is losing credibility with investors because of regular policy U turns and delays in project approval. online …

Deal Maker

State owned Ceypetco is looking at rolling out its own lubricant brand, even as Caltex tries to clinch another exclusive distribution deal for its fuel sheds …

Giving Up

Bowing down to trade unions, the government has said it will not ratify a Cabinet paper to restructure the loss making Ceylon Electricity Board, and will …

Backdoor Move

Ceylon Electricity Board unions staged a walkout on Friday protesting against a Cabinet paper passed two days ago, they say was shoved through the backdoor. …

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